Offered at a price of 99.35, the bonds yield 10.10 percent.

But bonds yield neither a high rate of return nor control over how the money is spent.

A. At the beginning of the year, the 30-year bond was yielding 5.92 percent.

By contrast, such bonds yielded less than 8.5 percent earlier this year.

The long bond yielded 8.92 percent yesterday, against 8.99 at Monday's close.

Today, of course, with long-term bonds yielding less than 5 percent, the picture isn't as clear.

Late in the day, the Treasury's new 30-year bonds yielded 8.98 percent.

Those bonds yield 7.70 percent and were priced at par.

Resorts wants to price the bonds to yield less than 13 percent, but many analysts think that cannot be done.

A year earlier, however, the bond was yielding more than two and a half times the yield on the Treasury bill.